MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 63,211 shares, a growth of 97.5% from the December 15th total of 32,007 shares. Approximately 4.2% of the company’s stock are short sold. Based on an average daily volume of 160,662 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 160,662 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.2% of the company’s stock are short sold.
Institutional Trading of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new position in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned approximately 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent quarter.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance
OILU stock opened at $26.87 on Friday. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $15.15 and a 1-year high of $36.46. The stock has a market capitalization of $40.31 million, a P/E ratio of 8.27 and a beta of 1.84. The business has a fifty day moving average price of $24.16 and a 200-day moving average price of $23.27.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Company Profile
The MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILU was launched on Nov 12, 2021 and is issued by REX Microsectors.
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